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How To Find Investor Friendly Real Estate Agents

Duncan WIerman is the Albert Einstein Of Real Estate Investing

You must learn to leverage your time by carefully selecting qualified people to work with. When choosing an investor friendly real estate agent, ideally you would want an agent who is creative, hard working, aggressive and who knows how and where to find deals.

Most real estate agents have limited experience with investors. They have never done a creative investing real estate transaction. This can be a challenge for an investor and it can take some time to find the right real estate agent, but that time spent will be well worth it.

One thing to note, most real estate agents are not receptive to “unusual” offers. They may not believe in the “nothing down” offers or creative approaches.   Do not let the real estate agent pre-qualify you. Let them know that you use private funding, are already pre-approved by your own bank/lender and can close quickly.

Finding Investor Friendly Real Estate Agents

I recommend that you take the time to search for agents who work in your target area.  The simple easy way is to drive through your target investing area, look for realtor signs, and pick the three real estate companies or agents with the most signs. As you do this, you may notice an agent dominating the area. Real estate agents usually “farm” an area just like investors, meaning that they focus on a particular area and work it to get listings. They do this by actively contacting the owners through phone calls, mailing promotional material, and knocking on doors of nearby listings to build a rapport.

At this point just give them a call. Here is an example of a good introduction of a real estate investor to a Realtor:

“Hello my name is _____________. I’ve noticed all of your listings in the __________area. I am in a position to buy some investments properties in your  area and I want to see if we can develop a relationship.

Some of  my basic criteria  for  houses that can be  income properties or cosmetically distressed fixer-uppers, nothing major like structural or plumbing, single family, 20 – 30% below market value.  I would like if you could send me out a daily or weekly email with listings that match?”

Lastly, ask for referrals from other investors in your REIA or local real estate clubs for real estate agent with experience working with investors.

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